Development agency to study issues in MSME clusters

With an aim to study non-development issues in five micro, small and medium enterprise (MSME) clusters, the Small Industries Development Bank of India (SIDBI) has awarded a project to an agency to give solutions, reports media.

Cluster Pulse, an ISO certified economic development agency, has been awarded this project by SIDBI to suggest solutions for competitiveness in five sectoral clusters in the country, it said.

The major focus will be on non-financial issues, infrastructure and marketing aspects, it added.

MSMEs contribute 40 percent to Indian economy and provides large employment in the country but suffer from many challenges, it said.

"The objective of this project is to carry out detailed analysis in the five clusters with a view to identify non- financial gaps and suggest appropriate measures to achieve the desired competitiveness," it said.

The project includes Analysis Of Business Operations (AOBO) of cluster, SWOT (Strengths, Weaknesses, opportunities and threats) analysis, vision for the cluster (both short term and long term), current Pain Points and actionable points on these, the founder of Cluster Pulse, Jagat Shah said.

The project will also include infrastructure related issues which are affecting the growth of the cluster.